Role of Commercial Banks

-Commercial bank accepts money deposits and therefore provides a safe place for saving money.
-Offering loans and overdraft to persons who need financial assistance.
-Assisting customers to easily make payments through standing orders, current accounts and debit cards.

Services offered by Commercial banks

-Commercial banks provide advisory services to clients who wish to borrow a loan to make investments and persons who wish to purchase securities.

-Safety deposit boxes at the bank are used to store safely items that individuals deem as highly valuable.

-Selling travelers cheques.

-Credit cards allows persons to purchase items by using funds that the bank makes available. There is a limit to how much the bank makes available to credit card holders.

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